Hi all, new member here. I'm 57 and my wife is 55. We have two kids but only one (13 y/o boy) is still at home. I have to make sure our money lasts for 40 years because the women in my wife's family are vampires. Her mom is 87, still drives and exercises. She probably has another 15 years in her. My wife will surely outlive me. Also, our little boy has Down Syndrome so he'll be living with us until we die.
Anyway, I tried the FIRECalc and it says there are no scenarios out of 111 where my assets would fail me. What do you think of FIRECalc? I know garbage in, garbage out. Assuming my expenses are right on as are my total portfolio, can I trust it?
Lastly, where can I find out how much Medicare will cost us? The official website seems to be locking up.
Thanks!
Anyway, I tried the FIRECalc and it says there are no scenarios out of 111 where my assets would fail me. What do you think of FIRECalc? I know garbage in, garbage out. Assuming my expenses are right on as are my total portfolio, can I trust it?
Lastly, where can I find out how much Medicare will cost us? The official website seems to be locking up.
Thanks!